电池及储能行业周报：8月电车出口高增长，大储侧建而不用现象持续改善

Investment Rating - The report indicates a positive outlook for the battery and energy storage sectors, with a focus on key players like Ningde Times and Shangneng Electric [6][7][8]. Core Insights - The battery sector experienced a 2.17% decline in the week of September 9-15, 2024, but outperformed the CSI 300 index by 0.06 percentage points. Major inflows were seen in stocks like Ningde Times and Nord [6][20]. - In August, domestic new energy vehicle sales reached 1.1 million units, marking a year-on-year increase of 30% and a month-on-month increase of 11%. The overall penetration rate for passenger vehicles was approximately 54.4% [7][13]. - The energy storage sector saw a total of 16 new bidding projects and 10 winning projects, with a total scale of 1.44 GW/3.60 GWh for bidding and 0.75 GW/1.85 GWh for winning projects [8][16]. Summary by Sections Battery Sector - Sales Growth: In August, new energy vehicle sales were 1.1 million units, with exports reaching 110,000 units, reflecting a 6% month-on-month increase. The forecast for 2024 anticipates total sales of 11.5 million units, a 20% increase year-on-year [7][13]. - Supply Chain Adjustments: The supply side is adjusting with stable prices for lithium salts and other materials. The price of industrial-grade lithium carbonate was reported at 70,000 yuan/ton, with a week-on-week increase of 1.45% [14][23]. - Key Players: Ningde Times is highlighted as a leading global player, with a conservative shipment forecast of 480 GWh for 2024 and an estimated profit of 46 billion yuan [15][19]. Energy Storage Sector - Bidding and Winning Projects: The energy storage market saw a total of 16 bidding projects with a scale of 0.69 GW/1.76 GWh and 10 winning projects totaling 0.75 GW/1.85 GWh. The average winning price for energy storage systems was 0.51 yuan/Wh, showing a slight decrease [8][16][32]. - Operational Data: In the first half of 2024, 10.37 GW/24.18 GWh of new electrochemical energy storage stations were added, representing a 40% year-on-year increase. The average utilization rate improved from 34% to 42% [17][18]. - Key Players: Shangneng Electric has established a full industry chain layout in energy storage, including upstream inverters and downstream power stations, and is leading in inverter shipments [18][19].